,
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I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I
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21
RECURRING DEPOSITS
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Investor invests o fixed/varied amount every month
cp
Interest Toxoble TDS APPLICABLE
0
---------------------➔� Principal + Interest MATURITY
TDS APPLICABLE
Bonk/Post Office credits/pays interest every quoter at o fixed rote
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,----- ) PROS I CONS
j • Guaranteed return. Higher rate for seniors
• Not ideal for growing wealth
• Fixed as well as varied amount can be invested
• TDS applicable
Loans against RDs are easily available from the bank.
• Interest taxable I
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OTHER INVESTMENT OPTIONS
367
NATIONAL SAVINGS CERTIFICATES
79